JPMorgan Chase & Co. (JPM) operates as a financial services company worldwide. It operates through Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration segments. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash administration and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment services, payment processing services, auto loans and leases, and student loans. The Corporate & Investment Bank segment provides investment banking products and services, counting advising on corporate strategy and structure, capital-raising in equity and debt markets, in addition to loan origination and syndication; treasury services, such as cash administration and liquidity solutions; and cash securities and derivative instruments, risk administration solutions, prime brokerage, and research services. It also offers securities services, counting custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The Commercial Banking segment offers financial solutions, counting lending, treasury, investment banking, and asset administration to corporations, municipalities, financial institutions, and nonprofit entities, in addition to financing to real estate shareholders and owners. The Asset Administration segment provides investment and wealth administration services across various asset classes, such as equities, fixed income, alternatives, and money market funds; multi-asset investment administration services; retirement services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. It has a planned relationship with InvestCloud for the development of new digital capabilities for individual shareholders. JPMorgan Chase & Co. was founded in 1799 and is headquartered in New York, New York.
Charles Schwab Corp (SCHW) provides wealth administration, securities brokerage, banking, money administration, custody, and financial advisory services. The company operates through two segments, Shareholder Services and Advisor Services. The Shareholder Services segment provides retail brokerage and banking services, retirement plan services, and other corporate brokerage services; and stock plan services, compliance solutions, and mutual fund clearing services, in addition to engages in the off-platform sales business. The Advisor Services segment provides custodial, trading, and support services; and retirement and corporate brokerage retirement services. The company provides brokerage accounts with cash administration capabilities; third-party mutual funds through the Mutual Fund Marketplace, counting no-transaction fee mutual funds through the Mutual Fund OneSource service, which includes proprietary mutual funds, plus mutual fund trading, and clearing services to broker-dealers; exchange-traded funds (ETFs), counting proprietary and third-party ETFs; and advice solutions, such as managed portfolios of proprietary and third-party mutual funds and ETFs, separately managed accounts, customized personal advice for tailored portfolios, and specialized planning and portfolio administration. It also offers banking products and services, counting checking and savings accounts, certificates of deposit, first lien residential real estate mortgage loans, home equity loans and lines of credit, and Pledged Asset Lines; and trust services comprising trust custody services, personal trust reporting services, and administrative trustee services. The company serves individuals and institutional clients in the United States, the Commonwealth of Puerto Rico, London, and Hong Kong. The Charles Schwab Corporation was founded in 1971 and is headquartered in San Francisco, California.